Successful Model Test Drill Results Gold Red Lake District

VANCOUVER - Great Bear Resources Ltd. reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project, in the Red Lake district of Ontario. New Drill Result Highlights: Each of the following new drill holes targets 40 – 150 m previously undrilled gaps in the 4,200 meter by 500 meter LP Fault drill grid.  Results arranged by section, referenced to section 20000. Also see Table 1 for complete results: Section 20000: BR-169 assayed 5.56 g/t gold over 38.40 meters, including 11.57 g/t gold over 10.55 meters; Section 20075 (75 meters to northwest): BR-159 assayed 5.14 g/t gold over 32.75 meters, including 65.34 g/t gold over 1.65 meters; Section 20400 (400 meters to northwest): BR-174 assayed 3.39 g/t gold over 40.10 meters, including 20.63 g/t gold over 5.15 meters; Section 20475 (475 meters to the northwest): BR-176 assayed 21.93 g/t gold over 5.50 meters, including 187.00 g/t gold over 0.60 meters; Section 20525 (525 meters to the northwest). BR-211 intersected many gold intervals: 6.46 g/t gold over 8.85 meters including 48.10 g/t gold over 1.00 meter; 1.54 g/t gold over 52.00 meters; 1.61 g/t gold over 32.30 meters; and 1.20 g/t gold over 16.25 meters. In aggregate, over 189 meters of >1 g/t gold mineralization were intersected in this drill hole over 358.85 meters of core length starting at bedrock surface; Section 20600 (600 meters to northwest): BR-212 assayed 4.69 g/t gold over 101.50 meters, including 41.25 g/t gold over 5.25 meters. The highest-grade central mineralized interval assayed 181.00 g/t gold over 0.50 meters. This is the longest multi-gram gold interval drilled at the project to date and occurs at shallow depths of approximately 80 to 170 vertical meters; and Section 20975 (975 meters to northwest): BR-194 assayed 5.42 g/t gold over 16.25 meters, including 31.90 g/t gold over 0.50 meters.

Chris Taylor, President and CEO, said, "Drill holes reported in this release are from large, 40 – 150 m undrilled gaps and step-outs in the previously completed drill grid. All holes successfully intersected gold mineralization where predicted by our models prior to drilling.  With this release we have now reported results for 198 drill holes at the LP Fault since its discovery just 18 months ago, all of which have intersected gold.  We are preparing to release a preliminary 3D model of the LP Fault and its high-grade gold zones from surface to approximately 400 meters depth along 4.2 kilometers of strike length."

The following summarizes the geological/mineralization model definition drilling process on drill section 20600: A New drill hole BR-212 on drill section 20600 returned 4.69 g/t gold over 101.50 meters, including 41.25 g/t gold over 5.25 meters; This hole was completed as a 43 meter down-dip continuity test of previously reported (October 30, 2019) drill hole BR-037 which had two main mineralized intervals: 1) 5.60 g/t gold over 25.25 meters, including a central high-grade interval which assayed 59.05 g/t gold over 1.05 meters, and 2) 2.01 g/t gold over 66.06 meters, which included a central high-grade interval assaying 35.96 g/t gold over 1.73 meters; Similarly, BR-212 is a 73 meter up-dip continuation of the mineralized zone in previously reported drill hole BR-142, which assayed 7.26 g/t gold over 53.5 meters, including 32.39 g/t gold over 4.25 meters; Geology, structure and gold mineralization have now been consistently traced between all five drill holes on this section over approximately 400 vertical meters; High-grade zones within the larger disseminated gold zone, have been defined and incorporated into the Company's models as shown on section 20600, defining predictable, structurally controlled, sheet-like geometries of gold mineralization; and the Company anticipates completing additional drill holes between BR-036 and BR-037, and between BR-142 and BR-067. Average vertical spacing up and down dip from the existing holes will average 50 - 75 meters on this section. Additional drilling will also be undertaken below drill hole BR-067. Mineralization is present from bedrock surface and remains open at depth.

This same model-driven drill process is being repeated on more than 80 individual drill sections across more than 4 kilometers of the central LP Fault zone.  Additional reconnaissance drill sections have also been completed on 400 – 1000 meter spacing along an additional six kilometers of strike length of the LP Fault, for a total of approximately 11 kilometers of drilled strike length.  All holes to date have intersected gold mineralization.